UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 17, 1995
NAVISTAR FINANCIAL RETAIL RECEIVABLES CORPORATION on behalf of
NAVISTAR FINANCIAL 1993-A OWNER TRUST, NAVISTAR FINANCIAL
1994-A OWNER TRUST, NAVISTAR FINANCIAL 1994-B OWNER TRUST,
NAVISTAR FINANCIAL 1994-C OWNER TRUST AND
NAVISTAR FINANCIAL 1995-A OWNER TRUST
(Exact name of Registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-4146-1 51-0337491
(Commission File Number) (I.R.S. Employer Identification No.)
2850 West Golf Road Rolling Meadows, Illinois 60008
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code 708-734-4275
<PAGE>
FORM 8-K
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
On July 17 and 20, 1995, Registrant made available the Monthly
Servicer Certificates for the Period of June 1995 for the
specified Owner Trusts, which are attached as Exhibit 20
hereto.
Item 7. Financial Statements and Exhibits.
(c) Exhibits:
See attached Exhibit Index.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized.
NAVISTAR FINANCIAL RETAIL RECEIVABLES CORPORATION
on behalf of NAVISTAR FINANCIAL 1993-A OWNER TRUST,
NAVISTAR FINANCIAL 1994-A OWNER TRUST,
NAVISTAR FINANCIAL 1994-B OWNER TRUST,
NAVISTAR FINANCIAL 1994-C OWNER TRUST AND
NAVISTAR FINANCIAL 1995-A OWNER TRUST
(Registrant)
Date July 25, 1995 By:/s/ PHYLLIS E. COCHRAN
Phyllis E. Cochran
Vice President & Controller
<PAGE>
FORM 8-K
EXHIBIT INDEX
Exhibit No. Description
Navistar Financial 1993-A Owner Trust
20.1 Monthly Servicer Certificate, dated July 17, 1995
Navistar Financial 1994-A Owner Trust
20.2 Monthly Servicer Certificate, dated July 17, 1995
Navistar Financial 1994-B Owner Trust
20.3 Monthly Servicer Certificate, dated July 17, 1995
Navistar Financial 1994-C Owner Trust
20.4 Monthly Servicer Certificate, dated July 20, 1995
Navistar Financial 1995-A Owner Trust
20.5 Monthly Servicer Certificate, dated July 20, 1995
<PAGE>
Exhibit 20.1
Page 1 of 3
Navistar Financial 1993-A Owner Trust
For the Month of June 1995
Distribution Date of July 17, 1995
<TABLE>
<S> <C>
Original Pool Amount $335,002,547.77
Beginning Pool Balance $118,134,927.19
Beginning Pool Factor 0.3526389
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay)$8,005,782.95
Interest Collected $888,672.48
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries$80,034.02
Total Additional Deposits $80,034.02
Repos/Chargeoffs $49,805.68
Aggregate Number of Notes Charged Off 22
Total Available Funds $8,967,778.90
Ending Pool Balance $110,086,049.11
Ending Pool Factor 0.3286126
Servicing Fee $98,445.77
Repayment of Servicer Advances $6,710.55
Reserve Account:
Beginning Balance $8,902,862.60
Target Percentage 7.50%
Target Balance $8,256,453.68
Minimum Balance $6,700,050.96
(Release)/Deposit $(646,408.92)
Ending Balance $8,256,453.68
</TABLE>
<TABLE>
<CAPTION>
Dollars Notes
<S> <C> <C>
Delinquencies:
Installments:
1-30 days 1,002,918.63 765
31-60 days 119,487.49 123
60+ days 27,069.34 23
Total 1,149,475.46 781
Balances:
60+ days 226,609.50 23
Memo Item - Reserve Account
Prior Month $8,860,119.54
Invest. Income 42,743.06
Beginning Balance $8,902,862.60
</TABLE>
<PAGE>
Exhibit 20.1
Page 2 of 3
Navistar Financial 1993-A Owner Trust
For the Month of June 1995
<TABLE>
<CAPTION>
NOTES
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original
Pool Amount Dist.: $335,002,547.77 $127,300,000.00$195,976,000.00$11,726,547.77
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 3.475% 4.475% 4.800%
Beginning Pool Balance $118,134,927.19
Ending Pool Balance $110,086,049.11
Collected Principal $7,999,072.40
Collected Interest $888,672.48
Charge-Offs $49,805.68
Servicing $98,445.77
Total Collections Available
for Debt Service $8,789,299.11
Beginning Balance $106,884,589.45 $0.00 $99,694,849.80$7,189,739.65
Interest Due $400,537.67 $0.00 $371,778.71 $28,758.96
Interest Paid $400,537.67 $0.00 $371,778.71 $28,758.96
Principal Due $8,048,878.08 $0.00 $7,686,678.57 $362,199.51
Principal Paid $8,048,878.08 $0.00 $7,686,678.57 $362,199.51
Turbo Principal $0.00 $0.00 $0.00 $0.00
Ending Balance $98,835,711.37 $0.00 $92,008,171.24$6,827,540.13
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.0000000000 0.4694869333 0.5822293369
Total Distributions $8,449,415.75 $0.00 $8,058,457.28 $390,958.47
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve) $0.00 $0.00 $0.00 $0.00
Excess Servicing $339,883.36
Beginning Reserve Account Balance$8,902,862.60
(Release)/Draw $(646,408.92)
Ending Reserve Account Balance$8,256,453.68
Memo Item - Advances:
Servicer Advances - Current Month$(6,710.55)
Total Outstanding Servicer Advances$2,787,990.21
</TABLE>
<PAGE>
Exhibit 20.1
Page 3 of 3
Navistar Financial 1993-A Owner Trust
For the Month of June 1995
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
Feb 1995 Mar 1995 Apr 1995 May 1995 June 1995
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance $150,236,079.05$141,826,345.98$133,656,652.98$126,201,758.79$118,134,927.19
A) Loss Trigger:
Principal of Contracts
Charged off $99,484.41 $133,880.91 $179,609.57 $156,415.59 $49,805.68
Recoveries $1,084.30 $228,450.98 $84,665.15 $167,464.36 $80,034.02
Total Charged off
(Months 5,4,3) $412,974.89
Total Recoveries
(Months 3,2,1) 332,163.53
Net Loss/(Recoveries)
for 3 Mos. $80,811.36(a)
Total Balance
(Months 5,4,3) $425,719,078.01(b)
Loss Ratio [(a/b)(12)] 0.2278%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $387,235.84 $465,259.59 $226,609.50
As % of Beginning
Pool Balance 0.28972% 0.36866% 0.19182%
Three Month Average 0.32083% 0.36010% 0.28340%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by: /s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer
<PAGE>
Exhibit 20.2
Page 1 of 3
Navistar Financial 1994-A Owner Trust
For the Month of June 1995
Distribution Date of July 17, 1995
<TABLE>
<S> <C>
Original Pool Amount $280,021,471.35
Beginning Pool Balance $168,810,661.60
Beginning Pool Factor 0.6028490
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay)$8,607,053.41
Interest Collected $1,230,841.13
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries$163,176.89
Total Additional Deposits $163,176.89
Repos/Chargeoffs $82,845.14
Aggregate Number of Notes Charged Off 22
Total Available Funds $10,001,071.43
Ending Pool Balance $160,120,763.05
Ending Pool Factor 0.5718160
Servicing Fee $140,675.55
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance $11,025,624.93
Target Percentage 6.50%
Target Balance $10,407,849.60
Minimum Balance $5,600,429.43
(Release)/Deposit $(617,775.34)
Ending Balance $10,407,849.60
</TABLE>
<TABLE>
<CAPTION>
Dollars Notes
<S> <C> <C>
Delinquencies:
Installments:
1-30 days 1,376,654.79 1,070
31-60 days 137,250.19 144
60+ days 23,824.56 24
Total 1,537,729.54 1,072
Balances:
60+ days 263,018.86 24
Memo Item - Reserve Account
Prior Month $10,972,693.00
Invest. Income 52,931.93
Beginning Balance $11,025,624.93
</TABLE>
<PAGE>
Exhibit 20.2
Page 2 of 3
Navistar Financial 1994-A Owner Trust
For the Month of June 1995
<TABLE>
<CAPTION>
NOTES
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original
Pool Amount Dist.: $280,021,471.35 $89,606,000.00$180,614,000.00$9,801,471.35
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 4.531% 5.930% 6.260%
Beginning Pool Balance $168,810,661.60
Ending Pool Balance $160,120,763.05
Collected Principal $8,607,053.41
Collected Interest $1,230,841.13
Charge-Offs $82,845.14
Servicing $140,675.55
Cash Transfer from Reserve Account $0.00
Total Collections Available
for Debt Service $9,697,218.99
Beginning Balance $162,995,385.87 $0.00$154,427,818.37$8,567,567.50
Interest Due $807,824.94 $0.00 $763,130.80 $44,694.14
Interest Paid $807,824.94 $0.00 $763,130.80 $44,694.14
Principal Due $8,689,898.55 $0.00 $8,298,853.12 $391,045.43
Principal Paid $8,689,898.55 $0.00 $8,298,853.12 $391,045.43
Turbo Principal $0.00 $0.00 $0.00 $0.00
Ending Balance $154,305,487.32 $0.00$146,128,965.25$8,176,522.07
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.0000000000 0.8090677647 0.8342137396
Total Distributions $9,497,723.49 $0.00 $9,061,983.92 $435,739.57
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve) $0.00 $0.00 $0.00 $0.00
Excess Servicing $199,495.50
Beginning Reserve Account Balance$11,025,624.93
(Release)/Draw $(617,775.34)
Ending Reserve Account Balance$10,407,849.60
Memo Item - Advances:
Servicer Advances - Current Month$295,388.27
Total Outstanding Servicer Advances$2,929,763.47
</TABLE>
<PAGE>
Exhibit 20.2
Page 3 of 3
Navistar Financial 1994-A Owner Trust
For the Month of June 1995
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
Feb 1995 Mar 1995 Apr 1995 May 1995 June 1995
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance $198,921,224.81 $191,225,748.38$183,607,976.18$175,626,121.20$168,810,661.60
A) Loss Trigger:
Principal of Contracts
Charged off $355,748.09 $54,301.50 $256,743.69 $131,502.23 $82,845.14
Recoveries $81,007.02 $409,655.39 $62,308.63 $264,905.32 $163,176.89
Total Charged off
(Months 5,4,3) $666,793.28
Total Recoveries
(Months 3,2,1) 490,390.84
Net Loss/(Recoveries)
for 3 Mos. $176,402.44(a)
Total Balance
(Months 5,4,3) $573,754,949.37(b)
Loss Ratio [(a/b)(12)] 0.3689%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $306,306.66 $375,105.45 $263,018.86
As % of Beginning
Pool Balance 0.16683% 0.21358% 0.15581%
Three Month Average 0.33112% 0.32158% 0.17874%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by: /s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer
<PAGE>
Exhibit 20.3
Page 1 of 3
Navistar Financial 1994-B Owner Trust
For the Month of June 1995
Distribution Date of July 17, 1995
<TABLE>
<S> <C>
Original Pool Amount $215,029,773.64
Beginning Pool Balance $154,739,207.61
Beginning Pool Factor 0.7196176
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay)$5,713,154.46
Interest Collected $1,187,422.26
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries$201,635.18
Total Additional Deposits $201,635.18
Repos/Chargeoffs $171,487.42
Aggregate Number of Notes Charged Off 19
Total Available Funds $7,102,211.90
Ending Pool Balance $148,854,565.73
Ending Pool Factor 0.6922510
Servicing Fee $128,949.34
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance $10,106,571.04
Target Percentage 6.50%
Target Balance $9,675,546.77
Minimum Balance $4,300,595.47
(Release)/Deposit $(431,024.27)
Ending Balance $9,675,546.77
</TABLE>
<TABLE>
<CAPTION>
Dollars Notes
<S> <C> <C>
Delinquencies:
Installments:
1-30 days 1,066,872.48 804
31-60 days 120,803.57 112
60+ days 17,409.65 17
Total 1,205,085.70 805
Balances:
60+ days 529,229.89 17
Memo Item - Reserve Account
Prior Month $10,058,048.50
+ Invest. Income 48,522.54
- Transfer to Collection Account 0.00
Beginning Balance $10,106,571.04
</TABLE>
<PAGE>
Exhibit 20.3
Page 2 of 3
Navistar Financial 1994-B Owner Trust
For the Month of June 1995
<TABLE>
<CAPTION>
TOTAL NOTES CERTIFICATES
<S> <C> <C> <C>
Original
Pool Amount Dist.: $215,029,773.64 $207,503,000.00 $7,526,773.64
Distribution Percentages 96.50% 3.50%
Coupon 6.400% 6.625%
Beginning Pool Balance $154,739,207.61
Ending Pool Balance $148,854,565.73
Collected Principal $5,713,154.46
Collected Interest $1,187,422.26
Charge-Offs $171,487.42
Servicing $128,949.34
Cash Transfer from Reserve Account $0.00
Total Collections Available
for Debt Service $6,771,627.38
Beginning Balance $154,335,482.71 $148,933,009.25 $5,402,473.46
Interest Due $824,135.54 $794,309.38 $29,826.16
Interest Paid $824,135.54 $794,309.38 $29,826.16
Principal Due $5,884,641.88 $5,678,679.41 $205,962.47
Principal Paid $5,884,641.88 $5,678,679.41 $205,962.47
Ending Balance $148,450,840.84 $143,254,329.84 $5,196,511.00
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.6903723312 0.6904035175
Total Distributions $6,708,777.42 $6,472,988.79 $235,788.63
Interest Shortfall $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00
Total Shortfall (required from Reserve) $0.00 $0.00 $0.00
Excess Servicing $62,849.96
Beginning Reserve Account Balance$10,106,571.04
(Release)/Draw $(431,024.27)
Ending Reserve Account Balance$9,675,546.77
Memo Item - Advances:
Servicer Advances - Current Month$329,337.73
Total Outstanding Servicer Advances$1,930,715.92
</TABLE>
<PAGE>
Exhibit 20.3
Page 3 of 3
Navistar Financial 1994-B Owner Trust
For the Month of June 1995
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
Feb 1995 Mar 1995 Apr 1995 May 1995 June 1995
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance $176,963,307.51$171,407,615.31$165,999,038.63$160,122,398.57$154,739,207.61
A) Loss Trigger:
Principal of Contracts
Charged off $421,343.14 $47,892.56 $671,427.43 $171,522.06 $171,487.42
Recoveries $36,794.47 $125,718.00 $339,848.82 $572,354.58 $201,635.18
Total Charged off
(Months 5,4,3) $1,140,663.13
Total Recoveries
(Months 3,2,1) 1,113,838.58
Net Loss/(Recoveries)
for 3 Mos. $26,824.55(a)
Total Balance
(Months 5,4,3) $514,369,961.45(b)
Loss Ratio [(a/b)(12)] 0.0626%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $401,032.51 $364,820.05 $529,229.89
As % of Beginning
Pool Balance 0.24159% 0.22784% 0.34201%
Three Month Average 0.33963% 0.29209% 0.27048%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by: /s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer
<PAGE>
Exhibit 20.4
Page 1 of 3
Navistar Financial 1994-C Owner Trust
For the Month of June 1995
Distribution Date of July 20, 1995
<TABLE>
<S> <C>
Original Pool Amount $315,029,921.60
Beginning Pool Balance $259,895,830.27
Beginning Pool Factor 0.8249878
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay)$7,710,310.69
Interest Collected $2,161,059.93
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries$195,659.00
Total Additional Deposits $195,659.00
Repos/Chargeoffs $345,972.54
Aggregate Number of Notes Charged Off 24
Total Available Funds $10,067,029.62
Ending Pool Balance $251,839,547.04
Ending Pool Factor 0.7994147
Servicing Fee $216,579.86
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance $15,668,847.88
Target Percentage 6.00%
Target Balance $15,110,372.82
Minimum Balance $6,615,628.35
(Release)/Deposit $(558,475.06)
Ending Balance $15,110,372.82
</TABLE>
<TABLE>
<CAPTION>
Dollars Notes
<S> <C> <C>
Delinquencies:
Installments:
1-30 days 1,701,465.57 1,042
31-60 days 192,598.23 152
60+ days 40,910.84 29
Total 1,934,974.64 1,044
Balances:
60+ days 806,036.64 29
Memo Item - Reserve Account
Prior Month $15,593,749.82
+ Invest. Income 75,098.06
- Transfer to Collections Account 0.00
Beginning Balance $15,668,847.88
</TABLE>
<PAGE>
Exhibit 20.4
Page 2 of 3
Navistar Financial 1994-C Owner Trust
For the Month of June 1995
<TABLE>
<CAPTION>
NOTES
TOTAL CLASS A-1 CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original
Pool Amount Dist.: $315,029,921.60 $207,000,000.00 $97,000,000.00$11,029,921.60
Distribution Percentages 96.50% 0.00% 3.50%
Coupon 7.650% 8.000% 8.300%
Beginning Pool Balance $259,895,830.27
Ending Pool Balance $251,839,547.04
Collected Principal $7,710,310.69
Collected Interest $2,161,059.93
Charge-Offs $345,972.54
Liquidation Proceeds/Recoveries$195,659.00
Servicing $216,579.86
Cash Transfer from Reserve Account $0.00
Total Collections Available
for Debt Service $9,850,449.76
Beginning Balance $259,582,807.09 $151,817,828.52 $97,000,000.00$10,764,978.57
Interest Due $1,688,963.10 $967,838.66 $646,666.67 $74,457.77
Interest Paid $1,688,963.10 $967,838.66 $646,666.67 $74,457.77
Principal Due $8,056,283.23 $7,774,313.32 $0.00 $281,969.91
Principal Paid $8,056,283.23 $7,774,313.32 $0.00 $281,969.91
Ending Balance $251,526,523.86 $144,043,515.20 $97,000,000.00$10,483,008.66
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.6958623923 1.0000000000 0.9504155185
Total Distributions $9,745,246.33 $8,742,151.98 $646,666.67 $356,427.68
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve) $0.00 $0.00 $0.00 $0.00
Excess Servicing $105,203.43
Beginning Reserve Account Balance$15,668,847.88
(Release)/Draw $(558,475.06)
Ending Reserve Account Balance$15,110,372.82
Memo Item - Advances:
Servicer Advances - Current Month$381,953.88
Total Outstanding Servicer Advances$3,159,372.62
</TABLE>
<PAGE>
Exhibit 20.4
Page 3 of 3
Navistar Financial 1994-C Owner Trust
For the Month of June 1995
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
Feb 1995 Mar 1995 Apr 1995 May 1995 June 1995
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance $292,007,535.40$283,644,074.75$275,352,505.86$267,465,631.09$259,895,830.27
A) Loss Trigger:
Principal of Contracts
Charged off $246,317.21 $162,132.14 $221,953.40 $188,306.09 $345,972.54
Recoveries $89,233.40 $206,279.35 $94,980.59 $183,131.87 $195,659.00
Total Charged off
(Months 5,4,3) $630,402.75
Total Recoveries
(Months 3,2,1) 473,771.46
Net Loss/(Recoveries)
for 3 Mos. $156,631.29(a)
Total Balance
(Months 5,4,3) $851,004,116.01(b)
Loss Ratio [(a/b)(12)] 0.2209%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $682,615.73 $571,744.30 $806,036.64
As % of Beginning
Pool Balance 0.24791% 0.21376% 0.31014%
Three Month Average 0.24477% 0.24912% 0.25727%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by: /s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer
<PAGE>
Exhibit 20.5
Page 1 of 3
Navistar Financial 1995-A Owner Trust
For the Month of June 1995
Distribution Date of July 20, 1995
<TABLE>
<S> <C>
Original Pool Amount $424,879,281.80
Beginning Pool Balance $414,608,188.83
Beginning Pool Factor 0.9758259
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay)$9,846,592.27
Interest Collected $3,769,734.92
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $0.00
Total Additional Deposits $0.00
Repos/Chargeoffs $132,102.43
Aggregate Number of Notes Charged Off 0
Total Available Funds $13,616,327.19
Ending Pool Balance $404,629,494.13
Ending Pool Factor 0.9523399
Servicing Fee $345,506.82
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance $24,996,297.62
Target Percentage 6.00%
Target Balance $24,277,769.65
Minimum Balance $8,922,464.92
(Release)/Deposit $(718,527.97)
Ending Balance $24,277,769.65
</TABLE>
<TABLE>
<CAPTION>
Dollars Notes
<S> <C> <C>
Delinquencies:
Installments:
1-30 days 1,695,507.72 1,159
31-60 days 132,127.53 120
60+ days 16,293.69 11
Total 1,843,928.94 1,161
Balances:
60+ days 729,401.53 11
Memo Item - Reserve Account
Prior Month $24,876,491.33
+ Invest. Income 119,806.29
- Transfer to Collections Account 0.00
Beginning Balance $24,996,297.62
</TABLE>
<PAGE>
Exhibit 20.5
Page 2 of 3
Navistar Financial 1995-A Owner Trust
For the Month of June 1995
<TABLE>
<CAPTION>
NOTES
TOTAL CLASS A-1 CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original
Pool Amount Dist.: $424,879,281.80 $80,000,000.00$330,000,000.00$14,879,281.80
Distribution Percentages 100.00% 0.00% 0.00%
Coupon 5.900% 6.550% 6.850%
Beginning Pool Balance $414,608,188.83
Ending Pool Balance $404,629,494.13
Collected Principal $9,846,592.27
Collected Interest $3,769,734.92
Charge-Offs $132,102.43
Liquidation Proceeds/Recoveries $0.00
Servicing $345,506.82
Cash Transfer from Reserve Account $0.00
Total Collections Available
for Debt Service $13,270,820.37
Beginning Balance $414,608,188.83 $69,728,907.03$330,000,000.00$14,879,281.80
Interest Due $2,229,019.69 $342,833.79 $1,801,250.00 $84,935.90
Interest Paid $2,229,019.69 $342,833.79 $1,801,250.00 $84,935.90
Principal Due $9,978,694.70 $9,978,694.70 $0.00 $0.00
Principal Paid $9,978,694.70 $9,978,694.70 $0.00 $0.00
Ending Balance $404,629,494.13 $59,750,212.33$330,000,000.00$14,879,281.80
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.7468776541 1.0000000000 1.0000000000
Total Distributions $12,207,714.39 $10,321,528.49 $1,801,250.00 $84,935.90
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve) $0.00 $0.00 $0.00 $0.00
Excess Servicing $1,063,105.98
Beginning Reserve Account Balance$24,996,297.62
(Release)/Draw $(718,527.97)
Ending Reserve Account Balance$24,277,769.65
Memo Item - Advances:
Servicer Advances - Current Month$2,902.80
Total Outstanding Servicer Advances$2,071,102.42
</TABLE>
<PAGE>
Exhibit 20.5
Page 3 of 3
Navistar Financial 1995-A Owner Trust
For the Month of June 1995
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
May 1995 Jun 1995 Jul 1995 Aug 1995 Sep 1995
<S> <C> <C>
Beg. Pool Balance $424,879,281.80$414,608,188.83
A) Loss Trigger:
Principal of Contracts
Charged off $64,933.51 $132,102.43
Recoveries $0.00 $0.00
Total Charged off
(Months 5,4,3) $197,035.94
Total Recoveries
(Months 3,2,1) 0.00
Net Loss/(Recoveries)
for 3 Mos. $197,035.94(a)
Total Balance
(Months 5,4,3) $839,487,470.63(b)
Loss Ratio [(a/b)(12)] 0.2817%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $241,605.37 $729,401.53
As % of Beginning
Pool Balance 0.05686% 0.17593%
Three Month Average 0.05686% 0.11639%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by: /s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer
